KMT vs. NWG
KMT (Kennametal Inc.) and NWG (NatWest Group plc) are both stocks. KMT operates in Tools & Accessories (Industrials), while NWG operates in Banks - Diversified (Financial Services). Over the past 10 years, KMT returned 6.72%/yr vs 19.85%/yr for NWG. At a 0.43 correlation, their price movements are largely independent.
Performance
KMT vs. NWG - Performance Comparison
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Returns By Period
In the year-to-date period, KMT achieves a 19.50% return, which is significantly higher than NWG's 5.84% return. Over the past 10 years, KMT has underperformed NWG with an annualized return of 6.72%, while NWG has yielded a comparatively higher 19.85% annualized return.
KMT
- 1D
- 1.39%
- 1M
- -3.95%
- 6M
- 10.48%
- YTD
- 19.50%
- 1Y
- 39.88%
- 3Y*
- 7.87%
- 5Y*
- 1.37%
- 10Y*
- 6.72%
NWG
- 1D
- 0.00%
- 1M
- 7.12%
- 6M
- 7.32%
- YTD
- 5.84%
- 1Y
- 42.15%
- 3Y*
- 52.88%
- 5Y*
- 33.90%
- 10Y*
- 19.85%
KMT vs. NWG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KMT Kennametal Inc. | 19.50% | 22.58% | -3.95% | 10.48% | -30.97% | 1.20% | 1.08% | 13.49% | -29.88% | 58.13% |
NWG NatWest Group plc | 5.84% | 81.29% | 92.31% | -4.69% | 11.23% | 39.24% | -24.92% | 29.18% | -26.25% | 38.16% |
Correlation
The correlation between KMT and NWG is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2007 | 0.43 |
Fundamentals
KMT:
$2.56B
NWG:
$35.34B
KMT:
$1.78
NWG:
£2.96
KMT:
18.89
NWG:
4.47
KMT:
0.57
NWG:
0.17
KMT:
1.21
NWG:
0.91
KMT:
1.86
NWG:
0.61
KMT:
$2.14B
NWG:
£29.58B
KMT:
$682.06M
NWG:
£16.97B
KMT:
$249.28M
NWG:
£9.10B
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Return for Risk
KMT vs. NWG — Risk / Return Rank
KMT
NWG
KMT vs. NWG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kennametal Inc. (KMT) and NatWest Group plc (NWG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KMT | NWG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.61 | -0.09 |
| Martin ratioReturn relative to average drawdown | 3.20 | 4.01 | -0.81 |
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Drawdowns
KMT vs. NWG - Drawdown Comparison
The maximum KMT drawdown since its inception was -70.10%, smaller than the maximum NWG drawdown of -96.96%. Use the drawdown chart below to compare losses from any high point for KMT and NWG.
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Drawdown Indicators
| KMT | NWG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.10% | -96.96% | +26.86% |
Max Drawdown (1Y)Largest decline over 1 year | -26.25% | -24.03% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -42.95% | -34.62% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -52.70% | -40.56% | -12.14% |
Max Drawdown (10Y)Largest decline over 10 years | -69.28% | -67.34% | -1.94% |
Current DrawdownCurrent decline from peak | -21.93% | -68.13% | +46.20% |
Average DrawdownAverage peak-to-trough decline | -24.55% | -86.12% | +61.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.40% | 9.63% | +2.77% |
Volatility
KMT vs. NWG - Volatility Comparison
Kennametal Inc. (KMT) has a higher volatility of 11.14% compared to NatWest Group plc (NWG) at 9.36%. This indicates that KMT's price experiences larger fluctuations and is considered to be riskier than NWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KMT | NWG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 9.36% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 35.37% | 24.81% | +10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.40% | 31.17% | +15.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.11% | 33.56% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.87% | 36.67% | +4.20% |
Dividends
KMT vs. NWG - Dividend Comparison
KMT's dividend yield for the trailing twelve months is around 2.38%, less than NWG's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMT Kennametal Inc. | 2.38% | 2.82% | 3.33% | 3.10% | 3.33% | 2.23% | 2.21% | 2.17% | 2.40% | 1.65% | 2.56% | 3.96% |
NWG NatWest Group plc | 4.93% | 3.69% | 4.36% | 9.42% | 11.57% | 2.74% | 4.59% | 9.75% | 0.91% | 0.00% | 0.00% | 0.00% |
Financials
KMT vs. NWG - Financials Comparison
This section allows you to compare key financial metrics between Kennametal Inc. and NatWest Group plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
KMT vs. NWG - Profitability Comparison
KMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Kennametal Inc. reported a gross profit of 206.38M and revenue of 592.61M. Therefore, the gross margin over that period was 34.8%.
NWG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, NatWest Group plc reported a gross profit of 4.36B and revenue of 7.39B. Therefore, the gross margin over that period was 59.0%.
KMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Kennametal Inc. reported an operating income of 79.43M and revenue of 592.61M, resulting in an operating margin of 13.4%.
NWG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, NatWest Group plc reported an operating income of 2.03B and revenue of 7.39B, resulting in an operating margin of 27.5%.
KMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Kennametal Inc. reported a net income of 58.23M and revenue of 592.61M, resulting in a net margin of 9.8%.
NWG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, NatWest Group plc reported a net income of 1.51B and revenue of 7.39B, resulting in a net margin of 20.4%.
Frequently Asked Questions
KMT and NWG have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMT has higher volatility (11.14%) compared to NWG (9.36%). In terms of maximum drawdown, KMT dropped -70.10% vs NWG's -96.96%.
NWG currently has the higher Sharpe Ratio (1.24 vs 0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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